Chinese to Grow Class Action Lawsuit against the Federal Reserve

Chinese to Grow Class Action Lawsuit against the Federal Reserve

In what could to grow into a class action in US courts, a Chinese woman is suing the Federal Reserve after discovering that the real value of
the USD250 she put in an account in 2006 had shrunk by 30%. She claims it was the result of the Fed issuing too much money, and as The South China
Morning Post reports, her son Li Zhen, the lawyer, called the lawsuit "litigation for the public good". Alleging "abuse of monopoly in issuing
currency," the People's Court of Kunming has yet to rule on the litigants' demand that the Fed cease-and-desist from its quantitative easing
policy.

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A Chinese woman is suing the Federal Reserve for her devalued federal reserve notes. Although this story in and of itself isn't huge news, there is a
potential for a rolling class action lawsuit. Wouldn't that be something? Could this be the next leg up of the Economic war that is happening (not
so) behind the scenes?

This was interesting as well:

While this may seem frivolous, there are some interesting points being made that bear watching, as Li notes, since "the Fed is private institution
which enjoys monopoly over the issuing of currency, US Dollar holders can sue it for printing too much money."

Suing the FED has been talked about on ATS before, just as the liberty movement has blossomed, this may as well.

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